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Simple Simon Balance Line Trading

  • #1,021
  • Jun 22, 2011 3:59am Jun 22, 2011 3:59am
What did you order??

Quoting Titch
Morning Rick and all

Took your advice and new laptop ordered. Will be here in 2 days. Been to my office and picked up spare laptop.
Ready to rock and roll again
Yay
  • #1,022
  • Jun 22, 2011 4:02am Jun 22, 2011 4:02am
Be very leery of UJ. Check the daily movement before getting into this pair. It REALLY needs a jump start

Quoting adat
Looking at U/J
  • #1,023
  • Jun 22, 2011 4:04am Jun 22, 2011 4:04am
AU approaching resistance for the 3rd time. Will it punch through?
  • #1,024
  • Jun 22, 2011 4:08am Jun 22, 2011 4:08am
I like this one for a possible trade. Waiting for congestion to be resolved, may go either way though current technical bias on H1 is up, IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h1.jpg Size: 115 KB
  • #1,025
  • Jun 22, 2011 4:08am Jun 22, 2011 4:08am
Quoting Colostarr
What did you order??
HP Envy

As you said, love the look of them

Always been a mac man so will have the best of both worlds. Still keep my mac for internet but the Envy with my 2 52 inch tvs for trading. Running on my old laptop for the moment. Works fine but can't wait. Looks like I have missed some good moves. Also meant to say have you seen the EUR AUD today. Sideways at the mo but as I said yesterday could be a good move today
Happy trading all. Titch
  • #1,026
  • Jun 22, 2011 4:09am Jun 22, 2011 4:09am
Quoting Blackeagle
I like this one for a possible trade. Waiting for congestion to be resolved, may go either way though current technical bias on H1 is up, IMO.
Great minds
Happy trading all. Titch
  • #1,027
  • Jun 22, 2011 4:14am Jun 22, 2011 4:14am
Quoting Titch
Great minds
Thanks, although it is not a major pair, it has a smooth chart since start of June.
  • #1,028
  • Jun 22, 2011 4:18am Jun 22, 2011 4:18am
Quoting Blackeagle
Thanks, although it is not a major pair, it has a smooth chart since start of June.
Agreed but I have had some great rides from it in the past
Happy trading all. Titch
  • #1,029
  • Jun 22, 2011 4:23am Jun 22, 2011 4:23am
Quoting Titch
Agreed but I have had some great rides from it in the past
Normally one of the crosses that trend well. I always check it for possible setups.
  • #1,030
  • Jun 22, 2011 4:27am Jun 22, 2011 4:27am
Maybe worth looking at this. The way I see it, it is prime for a good drop in my opinion.

According to Bill Williams Chaos theory you can use the AO and AC Oscillators together. When the AO changes from Green to Red the Bias is about to change (generally 2 consecutive same color bars is optimum with the AO).

The AC on the other hand is the acceleration of PA. When the AC changes color, it signals that the brakes are about to get put on the current bias. When the 2 oscillators turn the same color then you are now trading in what Bill Williams calls "The Zone".

When the 2 oscillators are the same color for 2 complete bars this strengthens the zone.

The USDCAD is currently trading in the red zone, and only short trades should be taken. According to Bill Williams anyway.

I`ve set a sell stop, because these 2 oscillators are same color and correlate nicely with where the previous bar closed to the blue line.

Lets put Mr Bill Williams "Zone Theory" to the test shall we?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 32 KB
  • #1,031
  • Jun 22, 2011 4:28am Jun 22, 2011 4:28am
Quoting Blackeagle
Normally one of the crosses that trend well. I always check it for possible setups.
As you say great trends you can normally ride for a considerable move. Same as you I keep any eye on it every day. Just in case
Happy trading all. Titch
  • #1,032
  • Jun 22, 2011 4:32am Jun 22, 2011 4:32am
Awesome - You will love the Envy - they are very nice machines!

Yes I keep watching EURAUD - i would LOVE to get back the 39 pips it stole from me yesterday!

Quoting Titch
HP Envy

As you said, love the look of them

Always been a mac man so will have the best of both worlds. Still keep my mac for internet but the Envy with my 2 52 inch tvs for trading. Running on my old laptop for the moment. Works fine but can't wait. Looks like I have missed some good moves. Also meant to say have you seen the EUR AUD today. Sideways at the mo but as I said yesterday could be a good move today
  • #1,033
  • Jun 22, 2011 4:37am Jun 22, 2011 4:37am
Quoting Colostarr
Awesome - You will love the Envy - they are very nice machines!

Yes I keep watching EURAUD - i would LOVE to get back the 39 pips it stole from me yesterday!
Me too mate
We'll get it back mate
Happy trading all. Titch
  • #1,034
  • Jun 22, 2011 4:39am Jun 22, 2011 4:39am
Quoting Colostarr
Awesome - You will love the Envy - they are very nice machines!

Yes I keep watching EURAUD - i would LOVE to get back the 39 pips it stole from me yesterday!
Are you off work now and is the internet sorted for MSM as I can put it on this laptop
Happy trading all. Titch
  • #1,035
  • Jun 22, 2011 4:43am Jun 22, 2011 4:43am
Just pulled another page out of the book here.

Divergence, this is a RARE, RARE patten Especially for the daily Tf.

Check the divergence between the price action and the AO. Price continues up at one point, but the AO fails to make new highs.

There is an entire chapter dedicated to this topic in the Chaos book. This setup just popped out at me.

I would definitely be on the lookout here!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 30 KB
  • #1,036
  • Jun 22, 2011 4:45am Jun 22, 2011 4:45am
Yes I am off now - Internet is sorted somewhat, keeps dropping, but at least I have seen that when I dedicate time to straight trading, i am far more successful than trying to Work and trade. Looking forward to getting your notes on the 50 ema, I am liking it more and more everyday

+70 pips today - 100% wins

Quoting Titch
Are you off work now and is the internet sorted for MSM as I can put it on this laptop
  • #1,037
  • Jun 22, 2011 4:54am Jun 22, 2011 4:54am
Quoting Colostarr
Yes I am off now - Internet is sorted somewhat, keeps dropping, but at least I have seen that when I dedicate time to straight trading, i am far more successful than trying to Work and trade. Looking forward to getting your notes on the 50 ema, I am liking it more and more everyday

+70 pips today - 100% wins
Yeah it's a cool piece of kit. I picked up my old laptop and books this morning from the office. I have got the hospital this afternoon but will go through my old notes this evening. I will also install messenger so we can have a chat.
I told you you could do it, but you knew that already, you just needed to prove it to yourself.
Happy trading all. Titch
  • #1,038
  • Jun 22, 2011 5:02am Jun 22, 2011 5:02am
Closed closely to the blue line.
  • #1,039
  • Jun 22, 2011 5:04am Jun 22, 2011 5:04am
EU short triggered on M15
  • #1,040
  • Jun 22, 2011 5:14am Jun 22, 2011 5:14am
Yes it did - Great set up!

Quoting godwin2002
Closed closely to the blue line.
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